Monday, October 03, 2005

Spinoff and merger examples--American Express, Ameriprise; Procter & Gamble and Gillette

If you need an example of a spinoff, American Express and Ameriprise are a current example. The spinoff was completed last Friday, and Ameriprise, formerly American Express Financial Advisers, started trading on NYSE today with the ticker AMP. Ameriprise representatives rang the opening bell at NYSE today.

The closing bell was rung by officials of Procter & Gamble, which acquired the Gillette Company today. American Express's and the Procter & Gamble and the Gillette Company's homepages are a source of all the filings that are needed for spinoffs and mergers.

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